Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
EarthtoMoonandback

0 Contributions
0 People Helped
Can you please tell me why my credit score fell?
I am never late en any of my payments. Can you please tell me, or help me find out why my credit score fell from 713 to 697 for TransUnion and from 719 to 706 for Equifax? I should also add that I am very responsible with my credit card.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7344 Contributions
3805 People Helped

Since we are not allowed to see your data, there is nothing specific we can say.  Could your usage have increased due to holiday spending?  The timing of this question fits with this possibility.  I can say so because I received some checks from a credit card I do have allowing a 0% interest balance transfer or "just spend it on yourself".  I did the balance transfer and also paid for a plumber and also took care of a couple of homeowner issues.  The result is I now have a usage rate approaching 20% where before, I had a 13%.  Not worried since I've had a contingency plan in place for a while.  But that increase in usage caused a drop of 30 points in my Equifax score.  I'm not over limit, but the high usage does cause a drop.  I suspect your score will increase a lot after you get the cards paid in full.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.